DUKE ENERGY CORP.
DUKE ENERGY CORP., a U.S. energy company, bought a 30% stake in
electric company Egenor for US$60 million from the government, making
Duke the majority owner of one of Peru s top power generators. The
Peruvian government sold the Egenor stake as part of a privatization privatization: see nationalization.
privatization
Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned program that has raised about $260 million this year in auctions of
stock in state companies.
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